Limit Order

An established limit order lets you set the minimum or maximum price of which you desire to purchase and sell currency. This enables you to make the most of rate fluctuations beyond trading hours and hold out to your desired rate.

Limit Orders are fantastic for clients who may have another payment to make but who have time and energy to achieve a better exchange rate than the current spot price before the payment should be settled.

N.B. when placing a difference between buy limit and buy stop in forex there’s a contractual obligation so that you can honour the agreement while we are in a position to book at the rate which you have specified.
Stop Order

A stop order enables you to chance a ‘worst case scenario’ and protect your net profit if the market ended up being move against you. You can set up a limit order which will be automatically triggered when the market breaches your stop price and Indigo will buy your currency at this price to make sure you do not encounter a level worse exchange rate when you need to make your payment.

The stop permits you to take advantage of your extended time frame to purchase the currency hopefully at a higher rate but in addition protect you when the market ended up being to go against you.

N.B. when placing a Stop order there is a contractual obligation for you to honour the agreement if we are able to book the interest rate at the stop order price.
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